According to Market Study Report, Power Bank Market provides a comprehensive analysis of the Power Bank Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.
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The Global Power Bank Market size is expected to grow at a CAGR of 8.1% from 2020 to 2025, reaching USD 13.4 Billion by 2025 from USD 9.0 Billion in 2020.
Top Key Players Profiled in the Power Bank Market:
- Anker Innovations (China)
- AUKEY (China)
- Xiaomi (China)
- ADATA (Taiwan)
- RAVPower (US)
- GRIFFIN (US)
- Lenovo (China)
- mophie (US)
- AMBRANE (India)
- INTEX (India)
“Power bank market to be driven by lithium-ion during the forecast period”
The lithium-ion battery segment is expected to hold a significant share of the power bank industry during the forecast period. Currently, lithium-ion batteries are the most used batteries by the manufacturers. Lithium-ion batteries have a high energy density, high conversion rate, and high energy capacity, as well as are cheaper to manufacture.
“Medium price range segment to grow at significant CAGR during the forecast period”
These power banks are equipped with fast charging technologies such as Power Delivery and are available with foldable wall chargers. These batteries have maintenance mode, which automatically optimizes charging for longer battery life.